Home / Economic Report / ISM Manufacturing Index rose to 61.1 in September

ISM Manufacturing Index rose to 61.1 in September

Measurement of U.S. manufacturing witnessed expansion in September at the fastest pace in four months.
The new data by The Institute for Supply Management’s gauge of factory activity rose to 61.1 from August’s 59.9, according to data released Friday.
Readings above 50 indicate expansion. The median estimate in a Bloomberg survey of economists called for a slight decline to 59.5.
The new data has been bolstered by robust demand for factory goods and burgeoning inventory.

Check Also

Oil Retreats from $100 Peak as Sanctions Ease but Geopolitical Risks Loom

Oil prices slipped back after briefly crossing the symbolic $100 mark, as markets weighed improved …